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Equity withdraws Sh9.5b planned to pay shareholders

Dr. James Mwangi, the Group CEO.

Equity Group has made a U-turn on the Sh9.5 billion it planned to pay shareholders for the 2019 dividends.

In a statement, the lender said the decision not to pay was because of its board’s assessment of risk, post balance sheet date of December, and of the group’s approach to prudent mitigation and management.

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